Articles
The Role of Economics in EU Competition Law: From Monti’s Reform to the State aid Modernization Package
Autores:
Padilla, Jorge
This paper considers the role of economics in EU competition over the last fifteen years. It offers and personal, and thus subjective, account of policy developments and doctrinal debates.
The Case for Civil Legal Aid
Autores:
Celentani, Marco
Legal aid programs are in-kind transfer schemes aimed at providing assistance to people otherwise unable to afford legal representation and access to the court system. Because they target low income individuals, legal aid programs are normally viewed as redistributionally desirable.
Can Legal Institutions Calm ‘Animal Spirits’ on the Mortgage Market? Insights from Germany
While the market for immovable property is prone to boom and bust, there are important differences depending on the country in question. Germany has benefitted from a particularly stable mortgage market since the 1950s.
The Unfulfilled Promise of Mortgage Disclosures
Autores:
Ben-Shahar, Omri
Mortgage markets are a good laboratory for evaluating the effects of mandated disclosures because there is a great deal of experience and data accumulated in these markets, and because there is a prevailing sense that the fundamental problems in mortgage markets are far from solved.
Mortgage Contracts: Law, Economics and Psychology
Autores:
Bar-Gill, Oren
Mortgage contracts, like other consumer contracts, are the product of an interaction between market forces and consumer psychology. Imperfectly informed and imperfectly rational borrowers fail to fully comprehend the costs and benefits of the mortgage contract.